3.8.260.16.thiệu Toán Group

Mrs. Bình works in agriculture, raising poultry and cattle. She is applying for a loan to purchase baby poultry to raise and sell. Bình is 42 years old. She is married and has three children. Bình is the group leader of the 3.8.260.16.Thiệu Toán solidarity group, which consists of four members. Binh supports her children with her business in Thieu Toan Town, a rural area in Thieu Hoa district. This is Bình’s first loan from Thanh Hoa Fund of Poor Women. Bình has been in this business for a year. One of the most critical business difficulties that concerns her is the lack of capital. With her business profits, Bình hopes for her business to do well, and that she can buy land of her own and be able to buy more supplies and equipment for her business.

Additional Information

About Thanh Hoa Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.